7640820 7/12/2017 5:11 PM, GBP/NOK intraday: rebound towards 10.6810


Our pivot point stands at 10.5800.


Our preference

: rebound towards 10.6810.


Alternative scenario

: the downside breakout of 10.5800 would call for 10.5440 and 10.5230.


Comment

: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 10.6239 and 10.6650).


Supports and resistances

:

10.7230 **

10.7020 *

10.6810 **

10.6600

10.6123 last

10.5940

10.5800 **

10.5440 *

10.5230 **